Axis Bank SWIFT Code: AXISINBB

Axis Bank SWIFT Code: AXISINBB

Axis Bank's SWIFT code is AXISINBB — the identifier used by international banks to route wire transfers to Axis Bank Limited in India.

What Is the Axis Bank SWIFT Code?

The Axis Bank SWIFT code is AXISINBB. It is the primary SWIFT/BIC code for Axis Bank Limited, one of India's largest private sector banks, and applies to international wire transfers sent to Axis Bank accounts from outside the country. You may also see it written as AXISINBBXXX — the XXX suffix indicates no specific branch, and both formats are accepted by international sending banks.

Axis Bank was formerly known as UTI Bank before rebranding in 2007. If you have older wire instructions referencing UTI Bank, those details are outdated — use Axis Bank and AXISINBB.

IFSC Code and SWIFT Code: Both Required for Axis Bank

As with all Indian banks, wiring to Axis Bank requires two separate routing identifiers — and omitting either one causes the transfer to fail or be held.

SWIFT code (AXISINBB) identifies Axis Bank to the global banking network. It routes the wire from your U.S. bank to Axis Bank's international processing center in India.

IFSC code (Indian Financial System Code) is an 11-character alphanumeric code that identifies the specific Axis Bank branch where the recipient's account is held. Once the wire arrives at Axis Bank, the IFSC routes the funds to the correct branch and account. Without it, Axis Bank cannot post the funds to the right account.

Axis Bank IFSC codes follow this format: UTIB0 followed by a 6-digit branch code. The UTIB prefix is a legacy of the UTI Bank era — despite the rebrand, Axis Bank retained the UTI-derived IFSC prefix. A sample Axis Bank IFSC looks like: UTIB0000001 for the head office branch.

The recipient must provide their branch-specific IFSC directly — it is available through Axis Bank's mobile banking app, online banking portal, account statements, and on the bottom of Axis Bank cheques.

How to Wire Money from the US to Axis Bank India

To send an international wire from the U.S. to an Axis Bank account, provide your bank with the following:

• Recipient name: Full legal name, exactly as it appears on the Axis Bank account
• Account number: Full Axis Bank account number
• IFSC code: 11-character branch-specific IFSC starting with UTIB0 (from recipient)
• SWIFT/BIC code: AXISINBB
• Bank name: Axis Bank Limited
• Bank address: Axis Bank Tower, 3rd Floor, Plot No. 1, Sector 11, CBD Belapur, Navi Mumbai 400 614, India
• Purpose of remittance: Specific description tied to an RBI purpose code
• Recipient address: Full physical address of the account holder

Some U.S. sending banks consolidate the IFSC and account number into a single field. Confirm your bank's preferred format before initiating — both the IFSC and account number must be present and accurate for the wire to post correctly.

Axis Bank Branch-Specific SWIFT Codes

AXISINBB is Axis Bank's head office SWIFT code and handles the vast majority of international wire transfers. For high-volume or treasury operations, Axis Bank also uses branch-level SWIFT codes where the final three characters identify a specific city or processing center:

• AXISINBBCHE — Chennai
• AXISINBBMUM — Mumbai
• AXISINBBDEL — Delhi
• AXISINBBNRI — NRI transactions

For standard international business wire transfers — paying Indian contractors, vendors, or employees — AXISINBB is sufficient. The IFSC code handles branch routing once the wire reaches Axis Bank's systems. Branch-specific SWIFT codes are more relevant for interbank treasury transactions. If a recipient or Axis Bank relationship manager specifies a branch-level code for a particular transaction type, use what they provide — don't append branch suffixes to AXISINBB without confirmation.

USD vs INR Transfers to Axis Bank

Wiring USD to an Axis Bank INR account. Axis Bank converts incoming USD to Indian rupees upon receipt using its own exchange rate, which includes a spread above the mid-market rate influenced by RBI guidelines. The recipient receives INR at Axis Bank's rate at the time of processing — the sender controls the USD amount, not the INR amount received.

Axis Forex and foreign currency accounts. Axis Bank offers RFC (Resident Foreign Currency) accounts for eligible recipients who need to hold USD or other foreign currencies without immediate conversion. Wiring USD to an RFC account avoids forced conversion. This structure works well for Indian contractors or freelancers who regularly receive international payments and want to manage their own conversion timing.

NRE accounts (Non-Resident External). For Indian nationals living abroad or persons of Indian origin, NRE accounts at Axis Bank hold rupees funded by foreign earnings and are fully repatriable — the account holder can convert back to foreign currency and transfer abroad. Interest on NRE accounts is tax-exempt in India.

NRO accounts (Non-Resident Ordinary). NRO accounts hold income earned in India and are subject to repatriation limits and tax withholding. For U.S. businesses wiring contractor or vendor payments to Indian recipients, confirm the recipient's account type — the distinction between NRE, NRO, and resident accounts affects repatriation flexibility on the recipient's end, not the wire instructions on yours.

FEMA and RBI Compliance for Axis Bank Wires

India's Foreign Exchange Management Act (FEMA), administered by the Reserve Bank of India, governs all incoming international wire transfers and imposes requirements that U.S. businesses sending payments to India need to understand.

RBI purpose codes. Every international wire to India must be accompanied by a purpose code — a standardized RBI classification describing the nature of the payment. Common codes for business transfers include:

• P0801 — Software services
• P0802 — Hardware/software consultancy
• P1006 — Professional and management consulting fees
• P1007 — Technical services

Axis Bank requires the purpose code at the time the wire is processed. Your U.S. bank may ask for it at initiation, or Axis Bank may request it from the recipient on receipt. Either way, the correct purpose code must accompany the transfer.

Documentary thresholds. Incoming wires above certain amounts — and for certain purpose categories — require supporting documentation before Axis Bank releases funds to the recipient's account. A contract, invoice, or service agreement that matches the declared purpose code is typically sufficient. Recipients who maintain a documentation file for each U.S. business relationship can produce what Axis Bank needs quickly.

Form 15CA/15CB. For certain business payments to Indian recipients, the U.S. remitter may need to file Form 15CA — an online declaration with India's Income Tax department — before the wire is initiated. For payments above ₹5 lakh (approximately $6,000 USD) in categories subject to Indian tax withholding, a chartered accountant's certificate (Form 15CB) may also be required. Confirm applicability with a tax advisor familiar with U.S.-India cross-border payments if your transfer amounts or frequency triggers this requirement.

How Slash Helps

U.S. companies with India-based engineering, design, or operations teams deal with one of the more documentation-intensive international wire workflows available — FEMA purpose codes, IFSC requirements, NRE vs NRO distinctions, potential Form 15CA/15CB filings, and RBI reporting thresholds. Each payment carries compliance overhead that compounds for businesses running regular payroll or vendor payments.

Slash is built for U.S. businesses managing distributed international teams. For Axis Bank account holders who accept card payments, Slash virtual cards let you pay directly without initiating a wire — no IFSC lookup, no purpose code, no RBI documentation hold per transaction. For payments that require a bank wire, Slash's real-time spend tracking records every transaction at initiation with vendor-level categorization, giving your finance team a timestamped and organized record of every payment made to Indian counterparties. When a compliance question arises about a specific transfer, the record is already there. Transparent FX rates mean the cost of every rupee-denominated payment is visible before you approve it.